Stilwell Value LLC 4

What Happened
Joseph Stilwell, a reported 10% owner of Peoples Financial Corp. (PFBX) through affiliated investment vehicles, acquired 594 shares on 2026-02-18. The purchase was reported at $21.25 per share for a total transaction value of $12,623. The transaction is coded P (purchase) and listed as an open-market or private purchase.

Key Details

• Transaction date: 2026-02-18 (Period of Report); Form filed 2026-02-19.
• Price and size: 594 shares at $21.25 per share; total $12,623.
• Transaction type: Purchase (code P) — open market or private purchase.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1–F3 indicate the shares are owned directly by affiliated funds (Stilwell Activist Fund, L.P.; Stilwell Value Partners VII, L.P.; Stilwell Activist Investments, L.P.) and indirectly by Joseph Stilwell via Stilwell Value LLC (the funds’ general partner). Stilwell disclaims beneficial ownership of shares held only indirectly except to the extent of any pecuniary interest.
• Filing timeliness: Filed the day after the transaction; no late filing indicated.

Context
This purchase was made by a large investor/Section 13(d) group member (not a routine company executive trade). Purchases by 10% owners and affiliated funds can signal increased stake-building but do not by themselves explain motivation. The filing shows aggregated group ownership above 10%, which is material for disclosure rules.